According to a recent market study by Future Market Insights (FMI), the global skin tears treatment market was valued at US$ 433.5 million in 2021 and is projected to grow to US$ 569.4 million by 2029. the global skin tears treatment landscape majorly relies on awareness through educational programs, for improved product sales.
Manufacturers of skin tear treatment products are thus focusing on rising awareness levels about wound management through educational programs. Some manufacturers offer product selection criteria, whereas some companies provide these products along with the educational materials.
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Key Takeaways
- The U.S. is expected to be the prominent region in the skin tears treatment market primarily owing to increasing product adoption rate, rising awareness programs, presence of key players, and strong support from regulatory bodies in the country.
- Most manufactures focus their efforts towards increasing awareness and educate healthcare professionals towards the importance and use of skin tears treatment products.
- New skin tears treatment products such as hyaluronic acid wound devices and 2-Octyl Cyanoacrolate topical bandages are expected to gain more traction during the forecast period.
- Factors such as less awareness, dearth of skilled professionals for identifying and treating skin tears affect the adoption rate of products, thereby hindering market growth.
- Growing demand for advanced wound care in long-term care settings is expected to drive market growth.
- Increasing adoption of skin tear treatment products in long-term care settings in the U.S., Canada, Germany, and Japan will particularly assist the growth of skin tears treatment market.
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What Are the Winning Imperatives?
- Some of the key players offering skin tears treatment products include, 3M Health Care, Smith and Nephew Plc, ConvaTec Group Plc, Mölnlycke Health Care AB, Hollister Inc, BSN Medical GmbH (Essity AB), and Coloplast A/S.
- The skin tears treatment market is a consolidated market with top four players accounting for 70% of the market share.
- While most companies are working towards expanding their product reach, some companies are focused towards developing new products to penetrate and maintain a foothold in the market.
- For instance, Medline Industries is focused towards developing a stronger distribution network in the U.S. Manufacturers such as ConvaTec Group PLC., Mölnlycke Health Care, and Coloplast A/S have launched new products for skin tears treatment.
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Skin Tears Treatment Market By Category
By Product:
- Moisture-retentive Dressing
- Mesh Dressing
- Foam Dressing
- Hydrogel Dressing
- Silicone Dressing
- Alginate Dressing
- Acrilic Dressing
- Hydrocolloidal Dressing
- Hydrofiber Dressing
- Dressing Adhesives & Fixators
- Adhesive Fixation Products
- Non-Adhesive Fixation Products
- Barrier Films
- Hyaluronic Acid Wound Devices
- Contact Layer Dressing
- 2-Octyl Cyanoacrolate Topical Bandages
- Gels & Cream
- Skin Closure Strips
By Type of Skin Tear:
- Type 1 Skin Tear
- Type 2 Skin Tear
- Type 3 Skin Tear
By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Speciality Pharmacies
- Mail Order Pharmacies
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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